07/19/20 New Silkroad expects huge losses at Jeju casino The firm that operates the MegaLuck casino at Jeju’s KAL Hotel reports it will more than its double losses in the first half of the year.
07/19/20 Yokohama launches videos on IR bid Since community briefings are on hold, the city intends to use videos to raise awareness of the benefits of a potential IR.
07/17/20 Macau mass and VIP business down by 95% Both mass and VIP gaming revenues plummeted by more than 95% year-on-year in the second quarter because of Covid-19 restrictions.
07/17/20 HKJC revenue barely dented by pandemic An impressive 2019 – 2020 season ended with record single day turnover of HK$1.6 billion (£160 million) on the closing day at Happy Valley.
07/17/20 Wynn Macau burning over US$2 million a day In spite losing money over the last two months due to travel restrictions, the company says it has not reduced staff.
07/17/20 Macau begins testing casino staff for Covid-19 Testing will be carried out in phases with health authorities expecting to reach every frontline casino worker.
07/16/20 Hong Kong tightens social distancing rules Measures have been tightened after over 300 new Covid-19 cases were reported in recent days.
07/16/20 Melco cuts Macau daily operating costs to US$1.5m Casino operator Melco Resorts & Entertainment Limited says it has reached its goal to reduce operating costs for its Macau venues.
07/16/20 Tokyo raises Covid-19 alert to highest level Tokyo has raised its level of alert due a spike in cases but may not require businesses to go into lockdown.
07/15/20 Analysts bet on Macau’s fast recovery Analysts believe gross gaming revenue could recover to 25 per cent of pre-pandemic levels in the short term.
07/15/20 Japanese lawmaker accepted ¥1 million from Chinese operator Takaki Shirasuka was one of two lawmakers accused of accepting money from a Chinese casino operator interested in entering the running for Japan’s integrated resorts scheme.
07/15/20 Japan’s pachinko revenue falls 77.5% Gaming revenue from pachinko machines has been dropping for the last 11 consecutive months, not only during the pandemic.
07/15/20 Moody’s gives Melco’s new notes Ba2 rating Moody’s has assigned the lower rating as it predicts Melco’s parent company will continue to suffer from a drop in earnings.
07/15/20 Kangwon Land losing US$3.1m a day The total loss of sales over the five months in which the casino has been closed is estimated to run at over US$460 million.
07/14/20 HK Jockey Club reduces operations after Covid-19 spike The Hong Kong Jockey Club has closed seven off-course betting branches following the increase in Covid-19 cases in the city.
